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ITV set to report that pre-tax profits tripled in 2010

The broadcaster has seen an increase in ad revenues, which are likely to rise in April, with the roy

ITV is expected to report pre-tax profits of around £300m, after a 16 per cent rise in ad revenues, on the back of the success of popular period drama Downton Abbey, The X Factor and the World Cup.

The broadcaster is expected to announce its intention to reinstate a dividend this year.

Ad revenues are expected to go up by 20 per cent in April, with the royal wedding and Easter attracting more viewers.

ITV is currently in a strong position financially; its net debt has halved to around £300m, with analysts forecasting that it could be wiped out entirely by the end of the year, and it has over £700m in the bank.

There is much speculation that ITV will acquire a production company to boost its underperforming in-house production business, ITV Studios, which produces Coronation Street and Emmerdale.

The company's pension deficit, which stood at £449m is thought to have benefited from a general improvement in the market.

ITV's online business is expected to report revenues of £20m, 2 per cent of revenues, with the operation planning to increase digital revenues.




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No, David Cameron’s speech was not “left wing”

Come on, guys.

There is a strange journalistic phenomenon that occurs when a party leader makes a speech. It is a blend of groupthink, relief, utter certainty, and online backslapping. It happened particularly quickly after David Cameron’s speech to Tory party conference today. A few pundits decided that – because he mentioned, like, diversity and social mobility – this was a centre-left speech. A leftwing speech, even. Or at least a clear grab for the liberal centre ground. And so that’s what everyone now believes. The analysis is decided. The commentary is written. Thank God for that.

Really? It’s quite easy, even as one of those nasty, wicked Tories, to mention that you actually don’t much like racism, and point out that you’d quite like poor children to get jobs, without moving onto Labour's "territory". Which normal person is in favour of discriminating against someone on the basis of race, or blocking opportunity on the basis of class? Of course he’s against that. He’s a politician operating in a liberal democracy. And this isn’t Ukip conference.

Looking at the whole package, it was actually quite a rightwing speech. It was a paean to defence – championing drones, protecting Britain from the evils of the world, and getting all excited about “launching the biggest aircraft carriers in our history”.

It was a festival of flagwaving guff about the British “character”, a celebration of shoehorning our history chronologically onto the curriculum, looking towards a “Greater Britain”, asking for more “national pride”. There was even a Bake Off pun.

He also deployed the illiberal device of inculcating a divide-and-rule fear of the “shadow of extremism – hanging over every single one of us”, informing us that children in UK madrassas are having their “heads filled with poison and their hearts filled with hate”, and saying Britain shouldn’t be “overwhelmed” with refugees, before quickly changing the subject to ousting Assad. How unashamedly centrist, of you, Mr Prime Minister.

Benefit cuts and a reduction of tax credits will mean the Prime Minister’s enthusiasm for “equality of opportunity, as opposed to equality of outcome” will be just that – with the outcome pretty bleak for those who end up losing any opportunity that comes with state support. And his excitement about diversity in his cabinet rings a little hollow the day following a tubthumping anti-immigration speech from his Home Secretary.

If this year's Tory conference wins the party votes, it’ll be because of its conservative commitment – not lefty love bombing.

Anoosh Chakelian is deputy web editor at the New Statesman.